Jun 25 2010
SGD Holdings, Ltd. (Pink Sheets:SGDH), owner of premier environmentally friendly paper manufacturer EcoPaper, today announced that the company has committed to signing documentation resulting in the finalization of the acquisition of the assets of EcoFriends, a Mexico-based paper products sales and distribution company, on Friday June 25, 2010.
SGD Holdings, EcoPaper, Inc. and EcoFriends remain in the end phases of completing PCAOB-compliant audits which will ensure the finalization of full disclosure and reporting.
SGD Holdings also reports that the company is in receipt of a purchase order for the production of raw materials in excess of $177,000. The order will be fulfilled during June and July, 2010 with an anticipated delivery date of July 22, 2010.
"Strategically and financially, the family of SGD Holdings' companies continues to grow with zeal," said Harry Johansing, CEO of SGD Holdings, Ltd. "Finalizing the acquisition of EcoFriends, in concert with the receipt of yet another large product order, indicates that our business model is sound and forward-thinking. It also confirms that the company remains at the vanguard of the global environmental movement, and that SGD Holdings fully maintains its commitment to serving the best interests of our investors, and the environment as a whole."